November 05, 2024 11:02 (IST)
US Fed cuts interest rates by 50 bps, first reduction since 2020
Washington/IBNS: The US Federal Reserve, popularly known as the Fed, has reduced its key lending rate by half a percentage point, marking the first cut since the Covid-19 pandemic in 2020, just weeks ahead of November’s presidential election.
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US Fed cuts interest rates by 50 bps, first reduction since 2020 Thu, Sep 19 2024